Commonwealth Consolidated Regulations

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INCOME TAX ASSESSMENT REGULATIONS 1997 - REG 30.212.12

Valuation certificates

         (1)   If the Commissioner completes a valuation, the Commissioner must give a valuation certificate to the applicant for the valuation.

         (2)   The Commissioner must approve, in writing, 1 or more forms of a certificate.

         (3)   The certificate must include the following information:

                (a)    the date on which the valuation was completed;

               (b)    a description of any real property (including a lot and plan number, title reference and the location of the property);

                (c)    a full description of property other than real property;

               (d)    the period for which the valuation is in force;

                (e)    a statement of the valuation.

         (4)   The certificate may include other information.

         (5)   The Commissioner must not give a valuation certificate to the applicant until:

                (a)    the valuation has been completed; and

               (b)    the Commissioner has received the full amount of the fees payable for the valuation.



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